FibraHotel (FIHO 12) Q2 2026 earnings summary

Executive summary

• Ended Q2 2026 with 84 hotels and 12,300 rooms in operation; 85 hotels and 12,360 rooms including leased properties.

• Total revenues were Ps. $1,365 million, a 0.4% decrease year-over-year.

• Portfolio RevPAR grew 6.1% year-over-year, driven by a 10.5% increase in ADR, despite a 240 bps drop in occupancy.

• FIFA World Cup 2026 had a positive but smaller-than-expected impact, with strong RevPAR in major cities but significant demand contraction in Cancun.

Financial highlights

• EBITDA for the quarter was Ps. $297 million; AFFO was Ps. $115 million.

• Lodging contribution was Ps. $406 million (29.8% margin).

• Consolidated net income was Ps. $58 million, down from Ps. $137 million in Q2 2025.

• Funds from operations (FFO) were Ps. $190 million.

• Distribution of Ps. $123 million (Ps. $0.1555 per CBFI) approved for Q2 2026.

Outlook and guidance

• Fiesta Americana Condesa Cancun expected to generate only fixed rent for the full year due to weak demand.

• The Ritz-Carlton Cancun, Punta Nizuc project progressing on schedule, with 24% construction completion and Ps. $744 million invested.

• Real Inn Mexicali to reopen as Holiday Inn in Q3 2026.